Head of African Regional Central Bank Calls for Creation of Digital Currency – Emerging Markets Bitcoin News

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Head of African Regional Central Bank Calls for Creation of Digital Currency – Emerging Markets Bitcoin News
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Herve Ndoba's envisioned digital currency will ostensibly help modernize the region’s payment structure and to promote financial inclusion. financialinclusion cryptocurrency digitalcurrency

The head of the Bank of Central African States , Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union . Ndoba reportedly wants the BCAS to establish a common legal framework for regulating cryptocurrencies as well.

The six countries that are members of the CAMU include Cameroon, Chad, Equatorial Guinea, Gabon, the Republic of Congo, and the CAR.

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